Share via

The gold price jumped on Thursday after news of the shooting down of a
Malaysia Airlines passenger aircraft over Ukraine.

In London gold closed at $1,319.18, up $17.58 on the day.

Experts say the resulting escalation of tension between Russia and the West is
likely to trigger renewed interest in buying gold, as worried investors seek
a safe haven for their money.

Roland Khounlivong, head of dealing and settlements at GoldMoney, one of the
world’s largest providers of precious metals, says: “Up to Thursday
afternoon, gold prices had been at a three-week low, and any buying had been
largely bargain-hunting